February 24, 2017 11:04

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Preliminary assessment of Vietnam international merchandise trade performance in April and the 4 months of 2016

10:15 | 07/06/2016

Highlights

1.  According to trade statistics of Vietnam Customs, in the April of 2016, a 4.0% reduction in total external merchandise turnover of Vietnam was recorded as compared to the result of a month earlier. In which, exports declined 5.1 %, to US dollars 14.35 billion and imports went down 2.9%, to US dollars 14.07 billion. As a result, there was a US dollars 277 million surplus in Vietnam’s trade balance in this month.

2. From the beginning to April of 2016, Vietnam‘s trade-in-goods totaled US dollars 104.45 billion in value terms, 2.5% above the corresponding period of 2015. As compared to result of the January-April period, total merchandise exports value rose 6.5%  to US dollars 53.10 billion and the total merchandise imports value decreased 1.3% to US dollars 51.34 billion. Accordingly, Vietnam’s trade balance in the 4 months of 2016 was in the surplus of US dollars 1.76 billion.

3. Trade data disseminated recently by Vietnam Customs announced that the total value of exportation and importation by foreign direct invested (FDI) traders reached US dollars 67.78 billion in total in the 4 months of 2016, up by 4.4 % as compared to the result of corresponding period of 2015. Total value of FDI exportation was US dollars 37.23 billion, went up by 10.3%. On import side, the total value of those companies was US dollars 30.55 billion, went down by 1.9%.

preliminary assessment of vietnam international merchandise trade performance in april and the 4 months of 2016

  Main Exports and Imports                        

4. The March of 2016 to April of 2016 decline in total merchandise exports was due to the downturns in telephones, mobile phones and parts thereof (down by US dollars 502 million); textiles and garments (down by US dollars 101 million); computers, electrical products, spare-parts and components thereof (up by US dollars 117 million);...

preliminary assessment of vietnam international merchandise trade performance in april and the 4 months of 2016

5. The commodities, of which the upwards resulted in significant expansion in total exports value in the 4 months of 2016 as compared to that of 2015, were as follows: telephones, mobile phones and parts thereof (up by US dollars 2.08 billion); textiles and garments (up by US dollars 433 million); machine, equipment, tools and instruments (up by US dollars 411 million);…   

6. The March of 2016 to April of 2016 upturn in total merchandise imports was due to the downwards in petroleum products (down by US dollars 118 million); iron and steel products (down by US dollars 84 million); still image, video cameras and parts thereof (down by US dollars 80 million);...

preliminary assessment of vietnam international merchandise trade performance in april and the 4 months of 2016

7. From the beginning to April of 2016, Vietnam Customs Statistics recorded a decrease in value terms of some imported commodities, which led to the downturns in total as compared to performance of the corresponding period in 2015. They were as follows: machine, equipment, tools and instruments (down by US dollars 845 million); iron and steel products (down by US dollars 571million); petroleum products (down by US dollars 543 million)…

Trading Partners

8. In the 4 months of 2016, Vietnamese merchandise trade with trading partners in Asia was totaled US dollars 67.24 billion in value terms, which moved up 0.3% as compared to the same period of 2015. Trade-in-goods of Vietnam with America was followed, which reached US dollars 18.44 billion and increased by 11.1%. The values of other continents were Europe: US dollars 15.35 billion, up by 7.8%; Oceania: US dollars 1.87 billion, down by 1.9% and Africa: US dollars 1.40 billion, down by 7.3% in comparison with the same period of last year.  

preliminary assessment of vietnam international merchandise trade performance in april and the 4 months of 2016

  9. From the beginning to April of 2016, 4 exporting markets of Vietnam with turnover of over US dollars 3 billion were The United States of America (reached US dollars 11.5 billion); China (reached US dollars 5.9 billion), Japan (reached US dollars 4.3 billion) and Republic of Korea (reached US dollars 3.3 billion).

preliminary assessment of vietnam international merchandise trade performance in april and the 4 months of 2016

  10. On import side, there were four partners exporting goods to Vietnam with turnover of over US dollars 3 billion. They were as follows: China (reached US dollars 14.7 billion); Republic of Korea (reached US dollars 9.4 billion); Japan (reached US dollars 4.4 billion); Taiwan (reached US dollars 3.5 billion).  

preliminary assessment of vietnam international merchandise trade performance in april and the 4 months of 2016

Vietnam Customs